00 Token has entered into a PRZ (Potential Reversal Zone) of a bearish 5-0 pattern. Looking for a 0.50-0.618 retracement from the downtrend to reach levels around: 0.0650-0.0850 cents.
SUKU has entered into a PRZ (Potential Reversal Zone) of a bearish 5-0 pattern. Minor Resistance around 0.08 cents with major resistance on the long term down sloping trendline. Looking for a 0.50-0.618 retracement from the downtrend to reach levels around: 0.12-0.14 cents.
Vara Network has entered in the PRZ (Potential Reversal Zone) of a bullish deep crab pattern. Vara has also posted weekly bullish divergence for the first time since the projects existence. Looking for a 0.50 retracement from the downtrend to reach levels around: 0.0480-0.05 Stoploss: 0.0160
VARA Network Bullish Butterfly Completion Zone. (Option 2) Target Zone: 0.0342-0.0328 Looking for bullish divergence to develop in (Option 1 Zone Bullish Shark) or (Option 2 Zone Bullish Butterfly) for a potential reversal of trend. The composite man and market makers are reloading before a reversal. This happens time after time!
Vara Network Bullish Shark Completion Zone Target Zone: 0.04-0.0380
Expecting The Vara Network to continue the uptrend into the Bat Pattern targets. Bat Pattern Targets: 0.25-0.30 Cents We also have a very large Inverse Head and Shoulders pattern. Inverse head and shoulders target: 0.18-0.20 Cents Support and consolidation is developing at the 0.09-0.10 cent zone along side the down sloping trend line of the triangle pattern.
Back in Oct-Nov Vara posted a nice Inverse head and shoulders pattern with a price increase of 150-200%. Vara is showing another inverse head and shoulders pattern on the trendline support indicating a possible reversal zone. MACD- bullish divergence on the daily. RSI @ 43 Breakout Success Rate- 85% Price gain % rate- 50% Neckline- 0.0750 Target- 0.11-0.12 Cents.
Vara posted a nice 6-12 hour bullish divergence into a support zone. If you check out the weekly candlesticks there is a tweezer bottom indicating a possible reversal of the trend. RSI @ 43 daily Shark Pattern Targets TP 1 0.15-0.17 TP 2 0.19 TP 3 0.25
Vara Network: Accumulation still in progress. Expecting a continuation to the upside for the shark pattern targets (0.15-0.19 cents) Support has developed around the 20 DAY EMA and golden pocket (0.0830-0.0850 cents) Additional downside support 50 DAY EMA.
Wave 3 still in progress! Expecting Wave 3 to be at least twice the length as the (Circled Wave 1). Targets up and around the upper (RED) trendline zone. $65,000-$85000. Acceleration will happen quickly once all the filed ETF's are approved. Notes: Going off of past cycles and with the Bitcoin halving coming up in April of 2024. It will be interesting to see...
GRT or the "GRAPH" has posted one of the best bottom formations in crypto. 360+ days it has taken to complete this Inverse Head and Shoulders pattern! Looking for much higher prices.
UPDATE: Main Count- Wave (3) still in progress! Target zones for Wave (3) 45k-50k. (Golden Pocket Fib Zone .50-.618) Bitcoin SPOT ETF approval is on the horizon. It's a matter of WHEN not IF. BTC will accelerate quickly once approved. Long Term View: I'm seeing Bitcoins long term pattern as an ending diagonal with a cycle top zone around 85k-100K.
(Count #2) This is a variation of the last count posted.
(COUNT #1) I have yet to see this wave count showing a possible ending diagonal on the BTC Monthly. Looking at the MACD we have monthly bullish divergence between (yellow) waves 2 and 4. Monthly MACD cross is closing in. Negative momentum is near flipping to positive. Also check out this count in an inverted view (upside down). It looks more clear.
A couple things to look out for in the month of June: 1) U.S. Debt ceiling deal due by June 5th. 2) China to uplift cryptocurrency ban on June 1st. Analysis: Support has held. Daily bullish divergence with an impulse candle. We are looking for a very powerful move for wave (3) of the (iii). 40K BTC is in the cards by the end of the Summer.
03/Jan/2009 Chancellor on brink of second bailout for banks Banks have been bailed out again by the fed over the past week. This is why Bitcoin was designed. The system is failing. Bitcoins downtrend looks to broken. Liquidity will be injected into the economy to save all the banks. This is great for Bitcoin/Commodities and bad for the economy. Much higher...
The 21.5K pivot zone has been taken out. We are now looking for Wave 2 target zones! Most common Wave 2 retracement targets are between the .50-.618. Roughly 19k-20K. Could see lots of buying power in this zone for a short term rally. Wave 2's can retrace up to 90%. Harmonics and Elliot Waves combined I'm seeing a lot of confluence at the .886% retracement zone...
Momentum has shifted off the local support zone of $21,500. Still looking for 25.2K (Stop Hunt) Also looking at: Bearish Shark Harmonic Pattern Target at the 1.13 Fibonacci @$26,400. This pattern if completed will create a DAILY RSI bearish divergence.